everyone. good Thanks, morning, Curt, and
averages. the up exceeded X% increased as from most loan to below Slide fourth business lines, Commitments XXXX. balances Turning X%. but X. Utilization increased grew remained to of quarter Broad-based across modestly expectations XX%, growth average historical
payoffs. addition to be over last over real industrial years construction driven pace two projects $XXX continue million the commercial of by our originated of in and largely Growth in of to estate business the multifamily slower
estate real remains projects, with commercial and is focus exposure selective strategy limited. Class on our a highly office A Our
continued relationships Elevated continue loans new interest grew of Both $XXX housing result inventory, loans rates, normal for customer lack a middle $XXX contributed pressure growth. Services Dealer and as as of million over National management to mortgage M&A. seasonality our loan million also banker and the to quarter. declined and strong market average
MBA The buying normal volumes forecast higher third in and the with and second consistent spring summer expects the quarters, season.
continue into an March expected seasonality. to business Slide activity. deposit and with their trended first we as of of deploy overview the our week X guidance in through funds Quarter-to-date line deposits experienced provides customers
deposits. following, industry in well Following events, their our impact in We excess diversification days the in March customers balance peak excess impacted certain balances of immediately operational customers concentrated the saw further our needs. by efforts with
diversified March, in a impact sector excess deposit across businesses. with California, Outflows portion banking the weeks select of new to portfolios as localized larger-than-average has pattern, in And decline continued. a a greatest select more in we outflows corporate balances balances. muted and as with such the saw last of that were deposits. Despite customers Middle on-boarding Market customers their relationships, return two of also The this saw and within a in Portfolios trend disruptive our normal moderated. diversification rest TLS,
offset customers strategy. These three an our FDIC was in quarter balances lines product billion And the $X in deposit that disproportionately through placed effective saw through that an end, growth easing increase. quantitative Utilization and deposit much reciprocal solution. business high decline of of
price-sensitive previous in the XXX deposit was to diversification Deposit by points more efforts driven in changes. of pricing customers, impact basis were the cumulative pricing and increase concentrated
Our successful core focus proven fact, relationship was we number of relationships. retained as total and in strategic grew deposit our
prior since note core that deposit to context, the position highlights uninsured levels deposits. percentage a important than been our of pandemic franchise. the current XXXX. have overall loan-to-deposit deposit X is ratio, lower much to our stronger we better have elevated With deposits, how strength is and a It as Slide of higher
uninsured of the as Some deposits to detect metric risk primary outflows. look to elevated
a appropriate. we believe more is However, comprehensive view
management noninterest-bearing, to as treasury an view strength more seven higher operations. our management services With relative accounts. deposit a and of feel commercial our have operating a of we the products orientation, and natural into relative is in integrated are which customers' percentage daily which operations stability diversification, customer, we deposits, it key mix, with proxy uninsured bank, for and market for commercial our and noninterest-bearing commercial We a utilizing to a favorable our of deposits greater connectivity of than market our business As base. middle customers' deposit create are average XX% a combined majority treasury
the including banking drive strategy, strategic granular addition deposit in should and opportunities small deposits, We further even payments, wealth customer our national over see which growth business digital management, of to transformation, resiliency improve enhance underway to time. our investments to
a Slide Ultimately, favorable strategy to high always even on level a differentiating strength, our as of uninsured and effective, be deposit deposits. and of been has our liquidity proved base shown expect stability operating Successful of and with we X. more percentage continues execution more a
Following increased customers the we usual business March, operations. industry allowed events as our in support and of position, cash our conservatively liquidity our and uninterrupted abundant
quarter-end XX%, cash unsecured funding remaining time. our XX-year And and loan-to-deposit manage ratio over levels flexibility Our below maturities to average. was needs create funding very light
after capital adjustment our ratios. of portfolio down declined of some securities our paid loss value tax affects in over but mark-to-market offset $X.X total as million unrealized balances positive the $XXX maturities XX billion our $XXX million. regulatory book The Slide on Period-end not
sale, through third for of quarter our remains end reinvesting flexibility. we in XX% of XXXX. portfolio stopped peak as losses. providing attrition of strategy transparency and the portfolio billion expect entire as maintain unchanged security available the in unrealized that approximately and Our From securities we $X management a XXXX, natural improvement We full
position, we need As unrealized any our portfolio to liquidity not do our income. is not enhance impact and our losses portfolio pledged sell to should foresee therefore,
We the $XXX of volume million higher impact income were positive rates interest impact to due and historical balances, decreased saw income still net to deposit rates a by of Turning pricing, as lower Net incredibly to benefit and remained strong our Slide million, XX. offset fewer rising interest results. and net deposit the relative $XX to loan days.
execution demonstrates interest sheet basis us favorably to negative profile. the our XXX desirable interest minimal position decline rate in current XX on with of balance a sensitivity our XX or strategy points our Slide average composition and basis rates. Successful points gradual of exposure
net franchise low million in $X strong reductions. a to from more be of Nonaccrual insulated Credit continues nonaccruals XX rate interest million. recoveries. at and is stream remained remained our excellent, and our declined with intended, Slide to As now net as strength quality income loans on outlined inflows $X
for Loan from outlook historical environment. the and credit losses million and the economic but the we loans X.XX%. modestly normalization well to below and rate allowance increased portfolios the increase Criticized credit to expected prone saw levels, to $XX growth as remained provision pressure elevated drove weakening
commercial total is X% primary suburban contractual strategy, a Office of with office limited part real Of line of up our our this business. only exposure, support financial of estate making from sponsors. majority strong of not
estate from manageable in pressure real the expect commercial contributed rate loans, overall the portfolio, continued the elevated in a quarters. increase we coming to modest migration and criticized Within environment
Slide reflect seasonally grew Robust fee seasonal reporting a million our markets quarter and syndication investment generation the in banking shown to the $X by income XXXX, $X opportunity high distinguished million investment Capital fourth and now fees. business. income relative in for XX. as quarter lighter increased and noninterest to on income that Derivative is offset
contributed to income. and wealth fiduciary the Brokerage investments environment, from benefited rate strategic private growth in
nearly in fee customer a priority. consuming we every to Continued the are expansion income of see category, this noncapital results with growth our excited And emphasis. from remains
expenses Slide Turning of related number to including had $XX $X Ameriprise attributable to modernization notable expenses the in transition. a initiatives, to We of million million quarter, which were XX. on the
operating increased Quarter-over-quarter, largest as and the expenses expense non-salary were related litigation-related isolated While million, expected. pension to losses elevated, events. $XX drivers
inflationary higher the with benefits Salaries funding increased late by the talent. assessment $X stock-based higher million, $X attracting impact statutory pressures, driven quarter million, of and in and driven the first by grants, insurance rate FDIC compensation and quarter. increased
tax future, down a quarter. managing lower high power solid proven expense, to reduction maintain in for declined in committed to a are lease came in in seasonally $XX a change with record balancing order Occupancy rental property discipline, seasonal a consulting overall we fourth the fees, rates. With ratio earnings Both of expenses, advertising investments and and over termination efficiency necessary carefully track time. the and million
capital capital growth. significant to support generate on management. details continued provides profitability XX Strong to Slide loan
X% common increase to a dividend our and CETX estimated our paid in quarterly were XX.XX%, for Our is stock April excited at X. target, above announce we
position our increase equity our quarter fourth excess over ratio, adjusting Our increased AOCI. -- the in conservative we've tangible common for cash cash impacted
first increased Our TCE quarter X.XX%. to would ratio have
Expected loan growth, we changes continue our capital profitability, and any as to considered manage will be carefully potential strategy. regulatory
the Our Slide assumes in on economic outlook for no XX and significant XXXX is environment. changes
dealer of our XXXX X%. average drive real in to business, growth especially momentum, expect We loan commercial to services and estate national X%
opportunities supporting selective expect in aligned target We growth relationship most plan but to to appropriately strategy. businesses and continue pricing, with most our be credit,
industry year-over-year addition last continued estimated the XX% of decline reflects from Fed to deposit year Our the that to average first monetary in quarter XX% events. impact assumes stabilization began actions and
the still exposure to income effective Through and Despite of interest impact strategy funding, net record execution high a based project an on delivered our level sheet protect to be our all-time performance. interest at our current X% on high, we of balance objective over growing to and rate XXXX of X% income. we a composition, net limit
Credit remain strong. quality been to expect and excellent, it we has
our We points continue and normalization and to range normal charge-offs of gradual end at lower basis a XX XX net metrics. to credit expect forecast the
particularly income is benefits drive and wealth management. Customer-related noninterest to payment over from card projected in performance due fiduciary rates in We X% to income, and to income which strong X% expect increase, our investments XXXX. to strategy growth
expect hedging derivative created Risk rates XXXX, management income move. to as relative this will increase positive internal related dividends offset quarter. forecasted a to is categories. we to the position but year-over-year to do XXXX, elevated volumes vary delta we other from market new expect not our repeat in in tailwind over capital derivative momentum FHLB time to Since the
With NSF exceeding high robust rates charges growth adjustments is quarter treasury than our seasonally A performance in core fees, due to good offsetting fourth our feel to momentum. reduction in very quarter overall expected our retail the first management about noninterest commercial deposit we in and income ECA in more service account results, income. an increase
the still maintained we considering elevated for to be quarter, compared expenses. related after in expense the XXXX including discretionary adjustments expenses select XXXX. Even X% we to growth, transition, modernization Ameriprise Despite expense to the guidance pressures XXXX to lower expect in first expected our
the nature implications dynamic manage to and we new the acknowledge of longer-term on plan We culture environment. of current as March environment of the the With disruption. expenses prudent based the a expect assess appropriate management, to
forecast and strong summary, net expect overall performance In XXXX. we record interest financial income for
I'll Curt. turn to the back Now call
